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Financial Highlight

Sony Assurance

Highlights of Operating Performance for FY2017 (fiscal year ended Mar. 31, 2018)

  • Both ordinary revenues and ordinary profit increased year on year. Sony Assurance reached record high in ordinary revenues, ordinary profit and net income.
  • Ordinary revenues expanded year on year, owing to an increase in net premiums written for mainstay automobile insurance.
  • Ordinary profit increased year on year, due to a decline in the loss ratio, driven by a lower car accident ratio.
  • Net income increased year on year, owing to the increase in ordinary profit.
  • Net Premiums Written
  • Underwriting Profit
  • Number of Policies in Force
  • Combined Ratio
2014 2015 2016 2017 2018
For the years ended March 31
Net premiums written (Billions of yen) 88.6 91.7 95.5 100.2 108.2
Underwriting profit (Billions of yen) 1.8 3.0 3.4 3.0 4.8
Combined ratio**
(Net loss ratio + Net expense ratio)(%)
84.9 84.3 84.8 85.8 84.4
As of March 31
Number of policies in force (10,000 policies) 161 170 179 189 207

* Figures less than the indicated unit have been truncated while ratios have been rounded.

** Net loss ratio = (Net losses paid + Loss adjustment expenses) / Net premium written
Net expense ratio = Expenses related to underwriting / Net premium written


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